Transense Technologies (LON:TRT) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Transense Technologies plc (LON:TRT)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 91.50 and traded as low as GBX 60.18. Transense Technologies shares last traded at GBX 60.18, with a volume of 6,817 shares.

Transense Technologies Price Performance

The firm’s fifty day moving average price is GBX 63.37 and its 200-day moving average price is GBX 91.29. The stock has a market cap of £9.36 million, a P/E ratio of 11.31 and a beta of 0.38. The company has a quick ratio of 2.95, a current ratio of 4.43 and a debt-to-equity ratio of 14.22.

Transense Technologies (LON:TRT) last announced its quarterly earnings results on Tuesday, February 17th. The company reported GBX 0.02 EPS for the quarter. Transense Technologies had a return on equity of 12.05% and a net margin of 16.10%. Analysts forecast that Transense Technologies plc will post 11.0073382 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ryan Maughan acquired 14,113 shares of the stock in a transaction on Friday, March 13th. The stock was acquired at an average price of GBX 71 per share, with a total value of £10,020.23. Also, insider Nigel Rogers acquired 12,500 shares of the stock in a transaction on Monday, April 27th. The shares were purchased at an average cost of GBX 58 per share, with a total value of £7,250. Company insiders own 46.07% of the company’s stock.

About Transense Technologies

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring. Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense’s Tyre Pressure Monitoring System, recently licensed to Bridgestone Corporation, the world’s largest tyre producer, under a ten-year deal; and a range of intelligent tyre monitoring equipment under the Translogik brand.